Who thinks there will be a slump?

[IFocus]

Why must people always jump to the extremes?

I'm on the record in this forum from 15 months ago (approx) as predicting a sideways market and ive been 100% spot on....and currently see no reason to change that view because nothings changed.

Boggo's 2600 is outside my predicted range...and is not realistic IMO as it means a fall of another, what 35% ~ BHP at under $26 and CBA under $31 .. not without civil war in China.

The German voters refusing to stump up the Euro, then seeing a disorderly default of Greece leading to Greece banks becoming instantly bankrupt, bond market then freezes half or more of the euro counties out of the market (its really happened already) leading to an instant world wide banking contagion that sovereigns cannot bail out.

 

[Garpal Gumnut]

It is going to get very nasty over the next 4 weeks. I am out on Monday and in to 100% cash.

gg

 

[Julia]

FFS So_Cynical read the title of this thread. .

I know, start your own thread, hey, I'll even name it for you: "Who thinks we are heading for the mother of all booms?"

Might not be many contributions.

 

[basilio]

As the Greek debt crisis unfolds might be worth reviewing what happened in 1931 when the Australian Bank Credit Anstalt collapsed

http://www.businessweek.com/magazine...6012481756.htm

 

[sptrawler]

Well it looks like the roller coaster has hit the big descent down.

 

[doogie_goes_off]

Today is gonna be a nasty one, maybe 10-15% off most resource stocks. Hold on to your hats Wayne Swan wont save you now.

 

[medicowallet]

It is going to get very nasty over the next 4 weeks. I am out on Monday and in to 100% cash.

gg

Good call GG

MW

 

[Tysonboss1]

Today is gonna be a nasty one, maybe 10-15% off most resource stocks. Hold on to your hats Wayne Swan wont save you now.

Good call GG

MW

What do you mean Good call, the resource sector is down about 3%. No where near 10% - 15%.

 

[sptrawler]

What do you mean Good call, the resource sector is down about 3%. No where near 10% - 15%.

Then it is still a good opportunity to get out, the storm clouds are growing not dispersing. At the moment everyone is starting to realise money printing isn't the answer, so it follows a recession is required.

 

[Tysonboss1]

so it follows a recession is required.

Maybe it is, maybe it isn't, who cares.

Even if a recession happened, we would eventually be on the other side.

And the majority who sold out of the worlds best assets to the few who could see far enough into the future, would have enriched the few beyond their wildest dreams.

I don't know about you, But I prefer to "BUY in Gloom, sell in Boom" rather than the other way around, I have an all weather Investment operation, so I don't mind the odd storm or the odd over reaction to whether predictions.

Cheers,
TB

 

[sptrawler]

Maybe it is, maybe it isn't, who cares.

Even if a recession happened, we would eventually be on the other side.

And the majority who sold out of the worlds best assets to the few who could see far enough into the future, would have enriched the few beyond their wildest dreams.

I don't know about you, But I prefer to "BUY in Gloom, sell in Boom" rather than the other way around, I have an all weather Investment operation, so I don't mind the odd storm or the odd over reaction to whether predictions.

Cheers,
TB

Agree completely, it just depends whether you require the money e.g retired or are able to ride through it. But good opportunities will present themselves.

 

[howmanyru]

Hardly catastrophic so far today, no doubt people are expecting a bounce Monday ?

 

[Auslad]

According to the Research Company marketsdna.com, global markets will fall completely though the floor next week due to Comet Elenin aligning between the Earth and the Sun on the 26th September. There is so much conjecture about Comet Elenin, at this point of time it is hard to distiguish between fact and fiction. Either way, we all will know the outcome early next week.

http://www.youtube.com/watch?v=0p89rPQkZPM

 

[Tysonboss1]

Agree completely, it just depends whether you require the money e.g retired or are able to ride through it. But good opportunities will present themselves.

yes, it sounds crazy.

but If you need the money, Well then you should really hold money. If your retired and are going to rely on drawing down capital (because your don't have enough to live of dividends etc) you should hold a large portion in cash to tide you over tuimes of volitility.

 

[McLovin]

According to the Research Company marketsdna.com, global markets will fall completely though the floor next week due to Comet Elenin aligning between the Earth and the Sun on the 26th September. There is so much conjecture about Comet Elenin, at this point of time it is hard to distiguish between fact and fiction. Either way, we all will know the outcome early next week.

http://www.youtube.com/watch?v=0p89rPQkZPM

I guess that's what they call tail risk! Boom tsch!!!

 

[basilio]

Interestingly candid interview with a money market dealer in London who is having wet dreams about the next recession/depression.

It will be a fantastic opportunity to make money.....

http://www.guardian.co.uk/business/poll/2011/sep/27/shocked-stock-market-trader-alessio-rastani

 

[sptrawler]

Commodities are starting to get hit now, can't wait for the carbon tax to get through.
Great buying oppurtunity at 3700, just pick your long term position, they will be all cheap. IMO

 

[Boggo]

Great buying oppurtunity at 3700, just pick your long term position, they will be all cheap. IMO

As a famous politician once said "Please Explain"

 

[sptrawler]

Well bogo, long term the underlying demand for raw materials will not diminish.
The current market volatility is more to do with money markets, dodgy loans and the money printing excercise.
We are getting caught up in it, however I see it as an opportunity to purchase long term growth shares at prices that are cheap relative to underlying asset.
The 3700 is a strong resistance and support point, which I feel we will have trouble falling through.
These are only my opinions.

 

[wayneL]

Commodities are starting to get hit now, can't wait for the carbon tax to get through.
Great buying oppurtunity at 3700, just pick your long term position, they will be all cheap. IMO

Define "cheap"